ITV plc (LON:ITV) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 232.30 ($2.92).
A number of research firms have recently weighed in on ITV. Liberum Capital reaffirmed a “buy” rating and set a GBX 340 ($4.28) price target on shares of ITV plc in a research note on Sunday, March 12th. Jefferies Group LLC raised their price target on ITV plc from GBX 230 ($2.89) to GBX 240 ($3.02) and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Shore Capital reissued a “buy” rating on shares of ITV plc in a report on Thursday, January 5th. Citigroup Inc reissued a “buy” rating and set a GBX 235 ($2.96) price objective on shares of ITV plc in a report on Tuesday, February 21st. Finally, Kepler Capital Markets lowered ITV plc to a “reduce” rating and set a GBX 200 ($2.52) price objective on the stock. in a report on Thursday, March 2nd.
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Shares of ITV plc (LON:ITV) traded down 0.46% during midday trading on Friday, hitting GBX 216.50. 13,111,963 shares of the stock were exchanged. The firm’s market cap is GBX 8.68 billion. The firm has a 50-day moving average price of GBX 211.42 and a 200 day moving average price of GBX 194.66. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 237.40.
The firm also recently disclosed a dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, April 27th will be given a GBX 9.80 ($0.12) dividend. This is an increase from ITV plc’s previous dividend of $2.40. The ex-dividend date of this dividend is Thursday, April 27th. This represents a yield of 4.63%.
In other news, insider Adam Crozier sold 240,534 shares of ITV plc stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of GBX 210 ($2.64), for a total value of £505,121.40 ($635,772.69). Also, insider Anna Manz bought 1,054 shares of the stock in a transaction dated Friday, March 31st. The stock was purchased at an average cost of GBX 212 ($2.67) per share, with a total value of £2,234.48 ($2,812.44).
ITV plc Company Profile
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
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